What’s new

• NTC Industries' standalone revenue more than doubled to ₹100.8 crore in FY26 from ₹48.2 crore in FY25.
• Standalone net profit rose to ₹14.5 crore from ₹7.9 crore. The board approved the results with an unmodified audit.
• Consolidated net profit reached ₹19.6 crore, up from ₹11.4 crore, with rental income contributing.

Why it matters

The growth is real and broad-based across both core cigarettes and the newer food business. But the audited numbers largely confirm a trajectory the market already knew from quarterly updates, limiting any fresh catalyst.

What we’re watching

• Whether the foods & beverages segment can sustain its growth alongside the core cigarette business.
• The margin profile as revenue scales beyond the ₹100 crore mark.
• Any capital allocation shifts from the now more profitable and clean balance sheet.

The full read

NTC Industries crossed ₹100 crore in standalone revenue for the first time in FY26, reaching ₹100.8 crore, more than double the ₹48.2 crore of a year ago. Standalone net profit rose to ₹14.5 crore from ₹7.9 crore. The growth is broad-based, with both the core cigarette business and the newer foods & beverages division contributing. Consolidated numbers look even better, with net profit of ₹19.6 crore versus ₹11.4 crore, buoyed by rental income from investment properties. The clean, unmodified audit opinion is the final piece. This was already a known story, however. The strength was visible in quarterly numbers released earlier in the year, leaving the final audited result with limited surprise value.

Primary source: BSE · NSE